Do you really think it’s possible to make money online?
There are generally two types of people in this world.
Those that are willing to work hard and graft towards something that they desire, and those that want a quick fix or something for nothing.
Well, to be perfectly honest, I think we all have a bit of the latter in us and that deep down inside when we are building a business online, we want to see things move quickly and we want to make money online fast.
However, the reality is somewhat different. If you want to build a legitimate business online, it takes a lot of hard work and persistence and more than anything, it will take TIME! (it can often be a very slow process).
How to Make Money Online Fast
There are so many programmes online that make some pretty wild and amazing guarantees which actually turn out to be false promises. Make $1,000’s within your first couple of weeks or even days. Make $$$ in 10 days or I will pay you all of your money back. You will have heard and seen it all before, I am sure!!!
These programmes attract the type of person that is “hopeful” of their success, those types of people that want to earn money and the vision of doing it really quickly gets them excited. They get carried away with themselves .
The big problem is that in order to EARN MONEY FAST, you will either have to scam someone else into that very same idea by getting them to buy something from you or you are going to have to sell people into some kind of scheme.
There are a whole host of these programmes online and they continue to pop up all over the place. However, more and more often they are being caught out by the authorities and shut down and severely punished by the law. Why is this????
Here are the reasons why:
(1) They make Outrageous Earnings Claims
You see this just about everywhere these days. People claiming that they make a MILLION DOLLARS in a day or show a video of them riding around in their Ferrari, their big stacks of money in hand, and their fancy mansions. These people are utterly outrageous.
They sell people on the idea of massive success, and it is extremely RARE that you will ever know what they are even selling….all you will need to know is that you will need to buy their wares in order to achieve the same level of success as them.
(2) Running a ponzi/pyramid scheme
It doesn’t sound good and that’s because it isn’t. Unfortunately, are many ponzi and pyramid schemes out there these days in the MLM world and even some that claim they are “affiliate marketing” companies, however, they are quite simply trying to disguise the fact that they are in fact, A PYRAMID.
Pyramid schemes are illegal in most countries around the world. However, these companies are often good at avoiding getting caught out by regulatory bodies and managing to hide under the radar.
(3) Requiring people to sell the same stuff they just bought
These are warning signals that you are choosing a technique that will lead you to “stealing” from your neighbour to build an income online. It is entirely possible to make money fast when you sell people on the idea of hope and sell them on “overpriced” programmes, however, your success will not last long as you will run out of people that you can scam.
Many so called “MLM’s” aim to present themselves as legitimate businesses, however, the reality of the matter is that in order to get back the money that you have invested in the programme, you are required to get others to invest in it in exactly the same way that you have. It is a no win situation.
Be extremely cautious. These programs are illegal in most parts of the world and once they gain traction, they are bound to be taken out by the FTC/SEC or other legal authorities.
(4) Spamming.
Email spamming. Comment spamming. Spamming on social media. Spamming you through the phone. Spamming you through the mail.
Although very effective, these are unsolicited ways that people are constantly using to scam people out of their money. Unfortunately, this takes place frequently online, in particular within the domain, SEO and coaching spaces. If you own a domain (your own .com domain for example) and your private details are open, then you can expect to receive at least one phone call, email and mail spam promoting a variety of products and services to you, many of which are very deceitful.
(5) Tricking the Newbie.
When we are new to something, we are at our most vulnerable. The issue with this is that the new person is the one that will get ripped off and end up feeling stupid. They will question why they ended up ‘falling for such a scheme?’ They will feel embarrassed and feel like they have failed and missed their great opportunity to make money in the online world. In these instances, people will often simply cut their losses and won’t bother to report the scam/scheme to the FTC or another regulatory body.
That’s enough of the bad news! The good news is that there are some REAL, ethical ways in which you can create a business online.
Make Money Online Legitimately (It’s an Ethical Business)
There truly are very legitimate and ethical ways to make money online. If you have been involved in the “opportunity” world for a while and have been searching for ways to make money then it is likely that you will have been in contact with one or more of the “make money fast” scams discussed above.
There is hope though! I will show you the process of building a “business” online. It really is possible to Make money online faster than in conventional offline businesses today. In fact, the time in which it takes to create a business online is minimal in comparison to the offline world with the initial costs of starting a business being less than a few hundred dollars.
No need to spend cash
Yes, you did read that correctly. It is absolutely not necessary to spend $1,000’s on education, tools, websites, hosting, lead generators, traffic, etc to create, grow and manage a very successful business online.
To lead you in the right direction, I will give you 5 of the best ways you can make money online.
#1: Make Money Building Niche Websites
One fantastic reason to start a business online and where your starting point of a business online should be: The answer: A NICHE. A niche is an audience or a group of people that are interested in something. This can be absolutely anything, from “how to train dog how to race”, to “cats doing tricks” to “making money online”.
There are quite literally millions of niches and the playing field is level for any one of us to enter to any niche within the online world and create an extremely successful business online. This is one of the fundamental business models that taught at Wealthy Affiliate and it is a business that can be built out rather quickly (in a few months time).
The process is pretty simple:
(1) Choose a niche
(2) Build a website
(3) Build out content on your website (this leads to rankings/traffic)
(4) Monetise your traffic (the make MONEY part)
The cost of entry: Less than $100 and you don’t need any experience.
Recommended Training: WealthyAffiliate.com
#2: Make Money Affiliate Marketing
Affiliate marketing is a forward thinking business model that allows you to promote millions of products and services online without the obligation of (a) purchasing the products (b) having your own house inventory (c) dealing with any product support. It is a fantastic model and a very high percentage of every transaction online is affiliate marketing based although you would probably never realise this.
On joining an individual affiliate program, you will receive links that are unique to you. Your aim as an affiliate marketer is to drive sales to this company through your link. If or should I say when you do this successfully, they will split the revenue for you on a commissioned basis. This typically ranges from anywhere from 1% to 75% depending on the affiliate programme.
There are no costs to joining legitimate affiliate programs.
The Affiliate Marketing model for making money online works really well in combination with niche websites. On your niche websites you can profit from as many affiliate programs as you would like to and build out your business with a potentially VAST revenue stream in the process.
The cost of entry: Less than $100 and you don’t need any experience.
Recommended Training: WealthyAffiliate.com
#3: Make Money Selling Digital Products
There are quite a few platforms that allow you to create and sell digital products. These include platforms like Clickbank where you can sell your own e books and how to guides, to Amazon where you can sell your own e books through the Kindle network.
As many niches as there are (millions), there are as many opportunities for selling digital products within those spaces. The wonderful thing about selling a “digital” product is that once it has been created, there are no additional costs for delivering the product or service after the initial expenses of creation. You have the ability to sell the same e book or the same digital course a million times and the delivery of this won’t cost you anything (it is pure profit).
The cost of entry: Less than $150 and you don’t need any experience.
Recommended Platforms: WealthyAffiliate.com, Clickbank.com
#4 Make Money Selling on eBay
Many of us are hoarders, have product inventory, or are into drop shipping. Companies such as eBay are fantastic for facilitating this type of business and you can potentially sell just about anything you like on eBay.
So if you have household items that you want like to sell and make money from or you have an inventory of a particular product available to you, then eBay is most definitely a viable opportunity for making money online. However, if you are simply selling a TV or some old clothing on eBay, this is not building an actual business. If you truly want to build a business within the eBay space you will need an inventory of products to sell at scale.
The cost of entry: Have some of your own products, fees associated with selling on eBay (less than few dollars first couple of items)
Recommended Platforms: eBay.com
#5: Make Money Freelancing
The only potential issue with this business model is that your success is limited directly to how much time you have. You only have so much time in a day to apply to your freelancing work, therefore once your time has been maxed out, your earning potential does. You are essentially exchanging time for money.
There are a whole host of platforms out there in which you can offer your services, no matter where your expertise lie, be that in computer programming, writing/author, graphic designer, SEO expert, or otherwise. There are 1,000’s of potential tasks/jobs where you can make money online through freelancing.
Some top platforms for this are:
- Fiverr.com
- Amazon Mechanical Turk
- Elance.com
- Guru.com
- Upwork.com
This is an excellent way to make money online, however you are in essentially a hired “worker” or “contractor”, as opposed to being a business owner. A very big difference, however, it is indisputable that you can earn a good living doing so.
Entry Cost: Free, fees taken by freelancing sites based on completed work.
Recommended Platforms: eBay.com
That’s it in a nutshell! A whirlwind tour of making money “fast” in the online world versus making money a bit slower (and ethically). There are a variety of ways in which you can head within the online world, and there will always be lots of new products claiming to be the next best thing (and this is very often nothing more than a claim). Be wary of all those companies that are in the business of making money and not actually helping you out.
Too Good to be True?
If something sounds too good to be true then that’s because it usually is. Products don’t simply make you money overnight! If someone is claiming that they do then they are most probably suggesting that you might need to do something outside of your realm of ethics in order for that to happen. If you really would like to build a proper business, then there is a proper path to do this and I am more than happy to show you how to do this in an ethical, fun and sustainable way.
If you have any questions about making money online or would simply like to share your own experience then please leave your feedback below.